Just another Humprhey-Hawkins day.
Interesting comments from Ben.
• Q: Are You printing money?I particularly enjoyed that first comment, in the light of all the economic sophists who keep insisting that 'the Fed is not printing money.'
• Bernanke: Not literally.
• Bernanke: If the Fed were to tighten policy, the economy "would tank."
With regard to the second, it is QE as far as I can see. And the hedge funds are wriggling on the precious metals hook.
The Gold/Silver ratio is back to 65.